Dynamite Blockchain Corp - CRYBF STOCK NEWS

CryptoBlox Technologies (OTCQB: CRYBF) announces its subsidiary, Optimal CP, has secured development rights for a crypto mining facility in Athabasca County, Alberta. This venture will utilize flared natural gas as a low-cost, environmentally friendly energy source for mining operations. Initial capacity is planned at 3.5 to 5.0 MW, supporting 1,000 to 1,500 ASIC miners within six months. The company aims to expand capacity to over 10 MW in 18 to 24 months, potentially contributing to the Alberta grid. CEO Bryson Goodwin expressed optimism about upcoming cash flows in the next quarter.

CryptoBlox Technologies Inc. (OTCQB: CRYBF) reports significant progress since 2020, transitioning its focus from financial services to a diversified blockchain strategy encompassing six verticals: finance, smart grid integration, battery technology, electric vehicles, applications, and crypto mining. Key developments include a partnership with Jiangsu RichPower for battery management systems, product launches like SmartWall and RV Freedom, and a collaboration with Daymak for electric vehicles. Despite global supply shortages delaying product deliveries, the Company anticipates significant market opportunities in battery technology, projected to reach $12.6 billion by 2024.

Cryptoblox Technologies Inc. has announced a name change from Extreme Vehicle Battery Technologies Corp. along with a new stock trading symbol on the Canadian Securities Exchange, which will shift from 'ACDC' to 'BLOX' around March 9, 2022. This rebranding aligns with the company’s focus on blockchain technology, reflecting its diversified portfolio in battery tech and cryptocurrency mining. A comprehensive operational update and a new website will be launched soon. Existing shareholders will not need to take any action regarding this name and symbol change.

Extreme Vehicle Battery Technologies Corp. (CRYBF) has clarified recent market activity, confirming that no third-party service providers were involved in creating or distributing promotional materials for the company. This statement follows a previous announcement made on February 25, 2022. As a blockchain and battery technology company, EV Battery Tech focuses on innovative battery management systems aimed at meeting the increasing demands of electric vehicles and energy storage solutions. The company is also dedicated to recycling initiatives aimed at refurbishing used batteries.

Extreme Vehicle Battery Technologies Corp. (CRYBF) reported increased trading volumes and a notable share price rise around February 22-23, 2022. The company was informed of promotional newsletters related to its common stock, which included statements based on previous press releases, though the company had no editorial control. It has engaged various marketing firms to enhance brand awareness. Management confirmed no significant insider trading and stated all filings are compliant. The company emphasizes a commitment to transparency and growth in the electric vehicle and energy storage markets.

Extreme Vehicle Battery Technologies Corp. announced the successful financing for its acquired subsidiary, Optimal CP Inc., to develop advanced mining operations in Alberta, Canada. The facility will utilize 3.5 MW of clean energy to power 1,000 ASIC mining machines, targeting a mining capacity of over 12 bitcoins per month by mid-2022. This strategic move allows EV Battery Tech to leverage Optimal's experienced management and pipeline, focusing on clean, low-cost operations and ensuring a strong foothold in the cryptocurrency market.